Pennsylvania; Appropriations; General Obligation; Moral Obligation; Tax Increment - S&P Global Ratings’ Credit Research

Pennsylvania; Appropriations; General Obligation; Moral Obligation; Tax Increment

Pennsylvania; Appropriations; General Obligation; Moral Obligation; Tax Increment - S&P Global Ratings’ Credit Research
Pennsylvania; Appropriations; General Obligation; Moral Obligation; Tax Increment
Published Mar 04, 2016
Published Mar 04, 2016
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

Standard&Poor's Ratings Services has placed its 'AA-' general obligation (GO) rating, 'A+' appropriation rating, 'A' departmental appropriation rating, and 'A-' moral obligation on the Commonwealth of Pennsylvania on CreditWatch with negative implications. The CreditWatch action reflects our view that a failure to pass a budget package for fiscal 2016 that addresses long-term structural balance could exacerbate the state's projected structural budget gap for fiscal 2017. Eight months into the fiscal year, lawmakers have yet to agree on necessary expenditure or revenue adjustments to balance the current-year budget. Furthermore, Governor Wolf's fiscal 2017 executive budget, albeit balanced, relies on passage of a bipartisan compromise bill, which failed to gain sufficient votes in December. The administration is hopeful that the

  
Report Type:

Full Report

Issuer
Sector
Global Issuers, Public Finance, Structured Finance
Country
Region
Format:
PDF Adobe Acrobat
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Pennsylvania; Appropriations; General Obligation; Moral Obligation; Tax Increment" Mar 04, 2016. Alacra Store. Sep 16, 2019. <http://www.alacrastore.com/s-and-p-credit-research/Pennsylvania-Appropriations-General-Obligation-Moral-Obligation-Tax-Increment-1591677>
  
APA:
S&P Global Ratings’ Credit Research. (). Pennsylvania; Appropriations; General Obligation; Moral Obligation; Tax Increment Mar 04, 2016. New York, NY: Alacra Store. Retrieved Sep 16, 2019 from <http://www.alacrastore.com/s-and-p-credit-research/Pennsylvania-Appropriations-General-Obligation-Moral-Obligation-Tax-Increment-1591677>
  
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